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Most recent posts

  • Seventh District Update, September 2013

    posted to Midwest Economy on Thu 5th Sep 13

    by Thom Walstrum and Scott Brave A summary of economic conditions in the Seventh District from the latest release of the Beige Book and from other indicators of regional business activity:Overall conditions: The pace of economic activity in the Seventh District

  • Children and Cities Redux

    posted to Midwest Economy on Tue 3rd Sep 13

    William Sander* and William A. Testa** Central cities are not likely to regain their former population. However, some of them may have reached an important inflection pointpeople are moving back into some of the largest (and longest-declining) cities. For example,

  • Federal spending by state

    posted to Midwest Economy on Fri 9th Aug 13

    Bill Testa and Jacob BermanThere are many important channels through which the actions of the federal government affect the national economy, with varied effects among the states.[1] Among these channels, the direct disbursement of federal funds is sizable,

Most popular posts

  • Is U.S. Manufacturing Disappearing?

    posted to Midwest Economy on Thu 19th Aug 10

    By William StraussWhen discussing the health of the manufacturing sector, one major issue is whether we should assess the number of people employed in the sector or focus on the amount of output created in manufacturing. Interestingly, each leads to the opposite

  • Manufacturing as Destiny, Part II

    posted to Midwest Economy on Wed 18th Apr 12

    By Bill TestaDuring a recent visit and tour of Racine, Wisconsin, and vicinity, I was reminded of the difficult challenges that face older manufacturing-oriented cities. It would be tough to find a place as steeped in manufacturing as the Racine area. As recently

  • Trends in Motor Vehicle TradeA U.S. Perspective

    posted to Midwest Economy on Wed 28th Mar 12

    by Thomas KlierMotor vehicles tend to be sold near where they are produced. However, when local demand does not suffice to support a dedicated assembly plant, some vehicles are shipped across longer distances, including across oceans. The share of newly produced

Latest posts linking here

  • When Factories Close, the Pain Lasts for Decades

    posted to Economics Blog on Fri 20th Apr 12

    The Federal Reserve Bank of Chicago has updated research that carries a sobering message for cities with big manufacturing legacies. Basically, the more factories a place used to have, the less growth it enjoys — even decades later.Bloomberg NewsBill

  • Rising Auto Exports Boost the Midwest

    posted to Economics Blog on Wed 28th Mar 12

    A rebound in auto exports is giving a lift to the economy, a reversal of trends that caused angst in the Midwest during economic slowdowns in the 1980s and 1990s.A new study by Thomas Klier, an economist at the Federal Reserve Bank of Chicago, finds that vehicle

  • U.S. Regional Unemployment Rates

    posted to The Big Picture on Fri 27th May 11

    An informative chart from the BLS showing the unemployment rate by region. Last month, the highest regional unemployment rate in the United States was in the West at 10.4 percent. The Northeast and Midwest had the lowest rates, 8.0 and 8.1 percent, respectively.